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Dec 1, 2012
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average income tax rate for individuals in the euro zone is 42%, including countries like belgium, germany and france with some rates above 50%. in the united states, the average income tax rate is 29%. federally, 39.6% is the highest rate. someone will pay in the united states. so for today's q&a, are americans getting a bargain or are europeans getting ripped up? let me go first. 60 seconds on the clock starts right now. economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of taxes not as needing to be low but of the return from those taxes of needing to be high. now traditionally, richard, that worked in europe. now it doesn't. they got the math badly
average income tax rate for individuals in the euro zone is 42%, including countries like belgium, germany and france with some rates above 50%. in the united states, the average income tax rate is 29%. federally, 39.6% is the highest rate. someone will pay in the united states. so for today's q&a, are americans getting a bargain or are europeans getting ripped up? let me go first. 60 seconds on the clock starts right now. economies richard cost money to run. there is misplaced popularity...
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Dec 2, 2012
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across the continent, the eurozone itself would fall apart, perhaps starting with the departure of germany. by the way, if we applied that logic in america, states like new york, california, connecticut could point out they in effect subsidize states like alabama, mississippi, montana, states ironically the most fervent advocates of state rights and small government. >>> up next, we'll take you into the heart of darkness, one of africa's most troubled nations has taken a turn for the worse. back in a moment. who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! one more way quicken loans is engineered to amaze. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors
across the continent, the eurozone itself would fall apart, perhaps starting with the departure of germany. by the way, if we applied that logic in america, states like new york, california, connecticut could point out they in effect subsidize states like alabama, mississippi, montana, states ironically the most fervent advocates of state rights and small government. >>> up next, we'll take you into the heart of darkness, one of africa's most troubled nations has taken a turn for the...
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Dec 6, 2012
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britain has 35 as does germany and australia. to countries that have strict gun kcontrol have little gun murder. i think carole had it right. she said it is about personal responsibility. that is the most important part. it is a difficult one. people are going to have an oh w pinion about it. we have to make sure that they were -- wanted the american people to feel protected about the british at the time. i don't think people should be able to go online and buy guns. there should be rules in place on background checks. our country is founded on these freedoms. i totally respect the constitution by the way. what i don't respect is what i don't respect is the interpretation of the letter of the second amendment of the constitution which i think is being misused to endorse everyone in america. >> the constitution talkses about a well regulated militia. the power of the government not to take away guns and every american should exercise personal responsibility. by not putting their children at risk of suicide and murder. yes, people
britain has 35 as does germany and australia. to countries that have strict gun kcontrol have little gun murder. i think carole had it right. she said it is about personal responsibility. that is the most important part. it is a difficult one. people are going to have an oh w pinion about it. we have to make sure that they were -- wanted the american people to feel protected about the british at the time. i don't think people should be able to go online and buy guns. there should be rules in...
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Dec 9, 2012
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if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you kn
if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed...
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Dec 19, 2012
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the gun murder rate in countries like britain or germany or australia, they've all suffered massacres many years ago, similar nature, they have 35 people killed a year. your country has 12,000. >> your murder rate is lower than ours that is true. >> lower? 75 against 12,000 in australia. >> violent crime rate is higher than ours as is the violent crime rate in australia. america is not the wild west that you're depicting. we only have the problems in our cities, and unhappily, in our schools where people like you have been able to get laws put on the books that keep people from being able to defend themselves. i honestly don't understand why you would rather have people be victims of a crime than be able to defend themselves. it's incomprehensible. >> you're an unbelievable stupid man, aren't you? >> it seems to me that you're morally obtuse. you seem to prefer being a victim to being able to prevail over the criminal element. and i don't know why you want to be the criminal's friend. >> what a ridiculous argument. you have absolutely no coherent argument whatsoever. you don't give a
the gun murder rate in countries like britain or germany or australia, they've all suffered massacres many years ago, similar nature, they have 35 people killed a year. your country has 12,000. >> your murder rate is lower than ours that is true. >> lower? 75 against 12,000 in australia. >> violent crime rate is higher than ours as is the violent crime rate in australia. america is not the wild west that you're depicting. we only have the problems in our cities, and unhappily,...
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Dec 13, 2012
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tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345
tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an...
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Dec 6, 2012
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by comparison, britain has 35 as does germany and australia. japan has one or two. to countries that have strict gun control have very little gun murder. what do you say to americans who say it makes me feel safe? >> i think carole had it right. she said it is about personal responsibility. that is the most important part about this whole conversation. it is a difficult one. people are going to have an opinion about it. we have to make sure we don't disrespect our constitution amendment rights. we have to make sure that they were -- wanted the american people to feel protected about the british at the time. times have changed since then. i don't think people should be able to go online and buy guns. there should be rules in place on background checks. background checks, absolutely. but i think it's important that we respect our constitution because our country is founded on these freedoms. >> i don't want anyone to think that i'm anti-american. our country is founded on these freedoms. i totally respect the constitution, by the way. what i don't respect is what i do
by comparison, britain has 35 as does germany and australia. japan has one or two. to countries that have strict gun control have very little gun murder. what do you say to americans who say it makes me feel safe? >> i think carole had it right. she said it is about personal responsibility. that is the most important part about this whole conversation. it is a difficult one. people are going to have an opinion about it. we have to make sure we don't disrespect our constitution amendment...
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Dec 30, 2012
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germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a
germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in...
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Dec 23, 2012
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. >> imagine a guy in germany, probably he pays particularly if he's upper middle class or upper class, he probably pays more in total taxes than his american counterpart. though it's not entirely clear once you add value-added consumption tax, for sure he's paying more. but here's what he gets in return. he gets universal health care, high-quality. he gets a free education. from kindergarten through any master's bachelor's ph.d. program he wants and it's pretty high quality as well. he gets free retraining if he ever loses his job. he gets all the benefits like day care and things like that europe is famous for. and the person in the united states may be spending a couple of percentage points lower. but he has to save for health care. he has to save for long-term care when he gets old. he has to save for his children's college education. perhaps for high school education. and certainly for any kind of retraining he may need. so it's not entirely clear that europeans have such a bad deal. >> the question here, it is a tough decision. we are deciding that we want less government, right.
. >> imagine a guy in germany, probably he pays particularly if he's upper middle class or upper class, he probably pays more in total taxes than his american counterpart. though it's not entirely clear once you add value-added consumption tax, for sure he's paying more. but here's what he gets in return. he gets universal health care, high-quality. he gets a free education. from kindergarten through any master's bachelor's ph.d. program he wants and it's pretty high quality as well. he...
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Dec 26, 2012
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happy new year from germany. >>> it was a move that outraged nfl fans in 2012. the league battling with referees over money tried to use replacements from college and even high school. but after a blown game-deciding call on national tv, the two sides decided it was best to settle and agreed on a new contract within days making the replacement refs one of our top sports moments of the year. the men in stripes did not make our most intriguing list, so who did? we continue our countdown of those you voted as the most intriguing people of 2012. here's five through one. >> number five. super jumper felix bumgarner. let's face it, he's done what no human has ever done, diving from the edge of space, breaking the sound barrier along the way. >> i'm still the same guy, but as soon as you start traveling, people recognize my face. >> ways scared. >> you were scared? >> i was a little bit scared. >> number four. new jersey governor chris christie. >> the shore and the boardwalk at seaside heights of my childhood no longer exists. >> hello there, governor. >> thank you fo
happy new year from germany. >>> it was a move that outraged nfl fans in 2012. the league battling with referees over money tried to use replacements from college and even high school. but after a blown game-deciding call on national tv, the two sides decided it was best to settle and agreed on a new contract within days making the replacement refs one of our top sports moments of the year. the men in stripes did not make our most intriguing list, so who did? we continue our countdown...
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Dec 26, 2012
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happy new year from germany. >>> it was a move that outraged nfl fans in 2012. the league battling with referees over money tried to use replacements from college and even high school. but after a blown game-deciding call on national tv, the two sides decided it was best to settle and agreed on a new contract within days making the replacement refs one of our top sports moments of the year. the men in stripes did not make our most intriguing list, so who did? we continue our countdown of those you voted as the most intriguing people of 2012. here's five through one. >> number five. o> number five. ch wndg m a e oefa bggg ou hunting her down, shooting her in the neck and back. the attack outraged even hardened pakistanis, and all around the world she quickly became an international symbol of good against evil. today she is recovering in england. number one. president barack obama. >> tonight, you voted for action, not politics as usual. >> after a long, and we mean long and bitter campaign, president obama won re-election. in 2012, the president also won the supr
happy new year from germany. >>> it was a move that outraged nfl fans in 2012. the league battling with referees over money tried to use replacements from college and even high school. but after a blown game-deciding call on national tv, the two sides decided it was best to settle and agreed on a new contract within days making the replacement refs one of our top sports moments of the year. the men in stripes did not make our most intriguing list, so who did? we continue our countdown...
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Dec 31, 2012
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both canada and germany have higher marginal tax rates than the yits does. germany and canada have borrowing rates about the same as the united states and have higher home ownership rates. they have health care and education paid for. great life satisfaction in those places and strong economies. what's the argument if we increase the tax rates on the richest americans, we're somehow going to have economic catastrophe. >> ali, as you know when people pay taxes, they not only pay it at the individual level, but capital gains and other taxes, first you earn money and then you invest it in companies and if you take a look at corporate income tax and all of the companies you threw up, the united states has the highest -- >> the united states doesn't have the highest effective corporate tax rate. they have the highest marginal tax rates and most companies as you know, including general electric, the biggest, don't pay any taxes. right? >> the marginal tax rate is the tax rate that matters on the actual dollar earned. when we look at canada, about 17%, the european
both canada and germany have higher marginal tax rates than the yits does. germany and canada have borrowing rates about the same as the united states and have higher home ownership rates. they have health care and education paid for. great life satisfaction in those places and strong economies. what's the argument if we increase the tax rates on the richest americans, we're somehow going to have economic catastrophe. >> ali, as you know when people pay taxes, they not only pay it at the...
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Dec 24, 2012
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even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt not in santa's sleigh but in a big, brown box. santa. i'm writing for your help. >> as with other americans, the economy is tough and times are very diffic
even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more...
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Dec 28, 2012
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happy new year from germany. >>> in syria today, opposition activists say at least 66 people were killed in bombings, air strikes and street fighting. well, violence in syria's civil war has now intensified in just the past few weeks. and there is now something new. actual movement by russian officials to get involved at least diplomatically. the u.n. believes that the civil war has killed 40,000 people in syria. now, russia's foreign minister has now invited rebel leaders to talk. i want to bring in our nick payton walsh. he's in lebanon today. we know that a lot of reporters can't officially be in syria at the moment to sort it all out. but this does seem like a very significant development. what do we expect out of these meetings between russian officials and some of the syrian rebels? >> reporter: what's clear about this, syria has said it will talk to russia. it's a similar kind of plan that they've been pushing since june. the issue really here is the reaction we've already heard. the syrian opposition, their leader saying he'll talk, but not in moscow as the russians suggest. the
happy new year from germany. >>> in syria today, opposition activists say at least 66 people were killed in bombings, air strikes and street fighting. well, violence in syria's civil war has now intensified in just the past few weeks. and there is now something new. actual movement by russian officials to get involved at least diplomatically. the u.n. believes that the civil war has killed 40,000 people in syria. now, russia's foreign minister has now invited rebel leaders to talk. i...
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> police are investigating a shooting death right in the heart of manhattan. there's a lot of mystery going on. kate is back with that and other top stories. >> it's shocking how bra sdplchlt en it was. it happened during the middle of the afternoon in what is considered one of new york city's safest area, near 58th street and 7th avenue. police have not released the name of the victim but he was a 31-year-old man from los angeles. he was approached from behind by the gunman who fired once. they are investigating what they believe is a murder-for-hire. if you can even believe it. former imf boss, dominique strauss-kahn has settled a lawsuit with t
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> police are investigating a shooting death right in the heart of...